EUR/USD: In a good position to extend its run higher – Scotiabank EURUSD Eurozone Banks CPI
was last seen trading at around 1.0750. Economists at Scotiabank expect the pair to break past the mid-1.07s.“The stars have aligned to put the EUR in a good position to extend its run higher. EUR sentiment has clearly improved amid retreating recession risks, helped by unseasonably warm weather reducing the impact of the energy crunch, and continued“A weak US CPI report tomorrow will likely push spot through the mid-1.07s.
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